Waec Model Questions Vol1 2023 Economics Question 43
Practice objective / multiple choice question 43 from the 2023 Waec Model Questions Vol1 Economics examination.
The price of a product rises from ₦200 to ₦250, and as a result the quantity demanded falls from 5,000 units to 4,000 units. Calculate the price elasticity of demand and state whether demand is elastic or inelastic over this range.
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About This Question
This is Waec Model Questions Vol1 2023 Economics Question 43. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Economics examination.
Difficulty level: Easy .
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